USDJPY is closed on a key horizontal daily support. The price formed an ascending triangle formation on that on a 4H. 142.47 is the neckline of the pattern. IF the price breaks and closes above that on a 4H, it will signify the strength of the buyers and highly probable bullish continuation. A bullish movement will be anticipated to 144.0 level then. ...
After a test of a confluence zone based on a daily horizontal resistance and 318 retracement of the major bearish impulse, EURJPY dropped and violated a support line of a rising wedge pattern on an hourly time frame. It is an important bearish confirmation. We may see a bearish movement to 156.2 / 155.5 soon. ❤️Please, support my work with like, thank you!❤️
Setup looking good for momentum outbreak. Once near term resistance level 137.826 being broken, likely to surge towards 146.69 level base on 1:1 wave. Duration towards short term. DYODD!
The EURJPY pair has been trading within a Channel Up pattern since the March 07 2022 Low and only last Thursday hit the 1D MA200 (orange trend-line) and is rebounding. At the same time the 1D RSI got oversold (below the 30.00) and is also rebounding. The last 1D MA200 rebound that turned into a Higher High for the Channel was on August 02 and peaked on the 1.382...
USD/JPY: Bullish Momentum Continues Amidst Shifting Market Sentiments In the early European session, the Japanese Yen remains on a downward trajectory against the USD, as investors recalibrate their expectations regarding the Bank of Japan's (BoJ) policy stance. The prevailing risk-on environment, coupled with the USD's renewed strength, contributes to the...
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
Hello Traders ! Previously, The USDJPY Price Formed a Bearish Double Top Pattern. Currently, The Price Reached a Support Level. If The Candle Closes Below The Support Level, I Will Sell on Retest... TARGET: 141.800🎯
USDJPY is trading inside a Channel Up since the start of the year, with the 1D technical outlook just turning red (RSI = 40.803, MACD = -0.760, ADX = 32.756) as the price reached its bottom under the 1D MA100. The 1D RSI shows a rounded bottom, as it did on March 24th, so it is an optimal level to buy and target the R1 level (TP = 152.000). Since though the...
✅EUR_JPY is going down to retest a horizontal support at 159.500 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 160.700 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
It's been quite long since we had a short-term trade (see chart below) on the GBPJPY pair: This time we found an excellent long-term sell opportunity on the 1W time-frame. As you can see it is cyclical in nature having emerged by the rejection of the price on the Higher Highs trend-line of the 4-month Ascending Triangle. The cyclical characterization stems...
The USDJPY pair has been trading within a Channel Up since the March 08 High, giving us numerous opportunities to buy low and sell high (see chart below): Supported by the 1D MA100 (green trend-line) since April 17, the price is now within that and the 1D MA50 (blue trend-line) which has previously been the most optimal buy level within the Channel Up....
EURJPY started a correctional movement. Here are the important key levels to watch. Support 1: 160.43 - 160.85 area Support 2: 158.90 - 159.60 area Support 3: 157.72 - 158.14 area Support 4: 156.52 - 157.18 area Support 5: 154.39 - 154.90 area Resistance 1: 164.18 - 164.30 area Watch carefully these supports. From one of those, a bullish trend-following...
Hi Traders ! On The Weekly Time Frame The USDJPY Price Reached A Resistance Level (151.944 - 151.424) Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move📈 TARGET: 154.500🎯 Bearish Scenario📉 If The Market Breaks Support Line and Closes Below That I Will Sell On Retest... ...
USDJPY started to fall rapidly. Here are the important key levels to watch. Vertical Structures Vertical Resistance 1: Broken rising trend line Horizontal Structures: Support 1: 148.75 - 149.21 area Support 2: 148.15 - 148.50 area Support 3: 147.41 - 147.56 area Resistance 1: 150.05 - 150.38 area Resistance 2: 151.71 - 151.94 area Consider these...
Hello Traders ! On Tuesday 14 Nov, The CHFJPY Price Broke a Resistance Level (167.890 - 168.422) The Price Pulled back To Create a New Higher Low 📈 So, I Expect a Bullish Move. i'm waiting for retest... ----------- TARGET: 170.230🎯
AUDJPY broke and closed above a solid horizontal daily resistance. After a breakout, the price formed a bullish flag pattern on an hourly time frame. Its resistance breakout after a retest of a broken structure is a strong bullish confirmation. I anticipate growth now to 98,2 ❤️Please, support my work with like, thank you!❤️
The NZDJPY is trading within a Channel Up pattern and is currently on the latest bullish leg towards a new Higher High. All previous waves have been at least +6.12%, so that gives us still an opportunity to buy and target 92.150. If the RSI hits 73.40 before the target, close the buy regardless, as the 73.40 Resistance has formed the September 29...
The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally. As a result, we see a strong short term buy opportunity to target...